On a daily time fame NUGT has given a breakout of Falling parallel channel indicating an uptrend. A shortfall in pattern is indicating that the buyers are intrested to buy the security.

On the EMA front price are is trading above the Fast (18) and Slow (45) EMA indicating an uptrend, whereas the Fast EMA is trending upward which indicated upward trend.

On the momentum RSI has given a breakout of falling trendline supporting the price action. On the Directional front DI+ is trading above DI- indicating uptrend.

Breakout of Falling Parallel Channel

Nov 28 2023